11250 38th Ave Lot | Terrain commercial | 0,02 ha | À vendre | 879 265 € | Corona, NY 11368

prime lot for sale, for developers in queens
112-50 38th Ave Corona NY
25x100
R6 ZONING PLUS UAP
3.90 FAR : 9750 builable/ $107 Per FT
DELIVERED VACANT, 1 FAM HOME
ASKING $1,019,000
The lot is located in a regular R6 District. In this district, the FAR for standard residential use is only 2.20, but if you choose to develop qualifying affordable housing under UAP (Universal Affordability Preference), the residential FAR increases to 3.90. That is a big difference.
The permitted overall height of the building is also much higher if the residential building is developed as qualifying affordable housing.
The maximum permitted FAR for a community facility use is 4.80. However, if the building contains residential use, the maximum permitted FAR for community facility use is limited to 1.00. Therefore, for a residential development with standard residences, the total maximum permitted FAR is 3.20. The total maximum FAR for a project with affordable housing and community facility use, however, is 4.80, as the total project FAR cannot exceed the maximum FAR permitted for either use.
Since this is not a contextual residential district, you do not have to line up the building’s street wall with the neighboring buildings’ street walls. You can place the street wall directly on the street lot line.
If requested, we can prepare floor plan layouts showing how a mixed-use project with residential and community facility use can be stacked, including commercial and residential vertical access, as additional architectural feasibility services.